BP Logs Net Loss Of $1.4bn For Second Quarter

Mohammad Ali (@ChaudhryMAli88) Published July 26, 2016 | 12:45 PM

BP logs net loss of $1.4bn for second quarter

LONDON,(UrduPoint / Pakistan Point News - 26th july,2016) - BP faced fresh losses in the second quarter on new charges arising from the devastating 2010 Gulf of Mexico oil spill disaster, the British energy giant said Tuesday. The company posted a net loss of $1.4 billion (1.3 billion Euros) for the three months to June, which however compared with a larger loss after taxation of $5.8 billion for the second quarter of 2015.

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